Roy Blumberg
Roy Blumberg
assumption fed monetary people policy suddenly
There's suddenly this new possibility that the Fed will tighten monetary policy again. Most people were going on the assumption that that was not going to happen.
bad driver earnings funny good market offending positive quite reports
This is a funny kind of market, because earnings aren't really a positive driver for the market and haven't been for quite some time. The good ones don't really help, but the bad reports slaughter (the offending companies).
boat cut fast happy impact initial nice prices slowly stages stock street trying turn wall
They're trying to turn the boat very, very slowly and Wall Street may not be happy in the initial stages that they're doing that fast enough. So the first cut may not have as big an impact on stock prices as it should, but it should have a nice impact on the economy.
bonds caps economy event large means next number potential time
The next potential market-moving event is the PPI. Every time there is a number that suggests the economy is too strong, bonds come under pressure, which means large caps come under pressure.
average driving ended limited line lower number says soldiers stocks year
The Nasdaq advance/decline line actually ended the year lower than where it started, and that says that the soldiers weren't really participating, that it was a limited number of stocks driving the average up.
gains hold market pulled stocks technology
Technology stocks weren't able to hold their gains and the market pulled back.
bottom continue driving focus group looks market perform slowly starting stocks technology work
Technology is really driving the market but we are starting to see a focus on energy. I like these stocks and it looks like they will continue to perform well. I think that group has made its bottom and it's going to start to slowly work higher.
bear beginning believe correction market stock
I don't think this is the beginning of a significant correction in the stock market. I believe the market is overdue to have a correction of 5 to 7 percent, but not a bear market.
bit difficult jumping market progress sign
The market is up so much that it's got to become a little bit more difficult to make progress. I don't think it's necessarily a sign of anything big I'm bullish, but not enthusiastically, jumping up-and-down bullish.